Silver prices in India have seen a significant rebound today, following a volatile start to the week. The white metal rose by over 1% in early trade, largely supported by an extension of the US-Iran ceasefire, which has shifted investor sentiment toward precious metals as a hedge against market uncertainty.
Today’s Silver Rates in India
While rates fluctuate based on local taxes and demand, here are the benchmark prices across the country:
| Quantity | Price (Average) |
| 1 Gram | ₹243.71 – ₹265 |
| 100 Grams | ₹24,371 – ₹26,500 |
| 1 Kilogram | ₹2,43,710 – ₹2,65,000 |
City-Wise Rates (per 1 Kg)
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Delhi & Mumbai: Prices are generally holding steady around ₹2,43,710 to ₹2,65,000.
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Chennai & Hyderabad: Southern markets typically carry a premium, with rates nearing ₹2,75,000 today.
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Bangalore: Retailing at approximately ₹2,43,710.
Key Market Drivers
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Ceasefire Extension: The announcement of an extension in the US-Iran ceasefire has provided a boost to industrial and precious metals. Spot silver rose about 1.4% globally, trading near $77.75.
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Oil Price Influence: Oil prices have slipped slightly following the ceasefire news. Typically, a dip in oil reduces inflation expectations, which creates a favorable environment for silver.
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MCX Trends: Despite the physical market strength, silver futures for the May contract saw some technical corrections early in the day, settling around the ₹2,44,916 level.
Summary for Investors
Silver continues to show higher volatility than gold but offers significant growth potential as industrial demand (particularly in electronics and solar) remains high. If you are looking to buy for your business or as an investment, the period following the Rahu Kaal (after 2:00 PM) is considered more auspicious today, coinciding with the current Ravi Yoga which is great for financial stability.
